Douglass Winthrop Advisors LLC Makes New $368,000 Investment in White Mountains Insurance Group, Ltd. $WTM

Key Points

• Douglass Winthrop Advisors LLC has acquired a new stake in White Mountains Insurance Group, purchasing 191 shares valued at approximately $368,000.
• Other institutional investors have similarly increased their holdings, with GeoWealth Management LLC boosting its position by 26.9% and Private Trust Co. NA by 87.5% in the recent quarters.
• White Mountains Insurance Group's stock opened at $1,860.14, with a market cap of $4.80 billion and a recent upgrade from "sell" to "hold" by analysts at Wall Street Zen.

Douglass Winthrop Advisors LLC bought a new stake in shares of White Mountains Insurance Group, Ltd. (NYSE:WTM - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 191 shares of the insurance provider's stock, valued at approximately $368,000.

Other institutional investors have also added to or reduced their stakes in the company. Crossmark Global Holdings Inc. purchased a new position in White Mountains Insurance Group during the 1st quarter valued at about $233,000. Private Trust Co. NA increased its position in White Mountains Insurance Group by 87.5% during the 1st quarter. Private Trust Co. NA now owns 15 shares of the insurance provider's stock valued at $29,000 after purchasing an additional 7 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in White Mountains Insurance Group by 6.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 173 shares of the insurance provider's stock valued at $333,000 after purchasing an additional 11 shares during the period. Deutsche Bank AG increased its position in White Mountains Insurance Group by 120.3% during the 4th quarter. Deutsche Bank AG now owns 337 shares of the insurance provider's stock valued at $655,000 after purchasing an additional 184 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in White Mountains Insurance Group by 5.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 17,269 shares of the insurance provider's stock valued at $33,257,000 after purchasing an additional 855 shares during the period. Hedge funds and other institutional investors own 88.65% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of White Mountains Insurance Group from a "sell" rating to a "hold" rating in a research report on Tuesday, May 13th.

White Mountains Insurance Group Stock Performance

NYSE:WTM traded down $19.67 during trading hours on Thursday, hitting $1,825.75. 24,718 shares of the company were exchanged, compared to its average volume of 19,304. The stock has a market capitalization of $4.70 billion, a price-to-earnings ratio of 22.87 and a beta of 0.37. White Mountains Insurance Group, Ltd. has a 52-week low of $1,678.87 and a 52-week high of $2,023.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.81 and a quick ratio of 0.81. The company's 50 day moving average price is $1,794.68 and its 200-day moving average price is $1,805.17.

About White Mountains Insurance Group

White Mountains Insurance Group, Ltd., through its subsidiaries, provides insurance and other financial services in the United States. The company operates through HG Global/BAM, Ark/WM Outrigger, Kudu, and Other Operations segments. The HG Global/BAM segment provides insurance on municipal bonds issued to finance public purposes, such as schools, utilities, and transportation facilities, as well as reinsurance protection services.